HomeMy WebLinkAbout0404 ~
-
• A. That fat In the event of any breach of this mortgage or default on the part of the ltfo•:tgagor, or tb? In
• the event any of said sums of money herein referred to be not promptly and lolly pod within ten days next •
after the same severally Oecome due and payable, without demand or nonce, or tcl in the event each and every
the at~pulations, agreements, conditions and covenants of sstd promtss~iy note and this mt~rteage, any or either.
are not duly, promptly and fully performed, d~acharged, executed, effected; completed, complied with and abided
by, then, m eUher or any such event. the said aggregate gum m~•ntioneJ in said promissory note then rcmauung .
unpaid. with interest accrued, and all moneys secured h.•reby, shall become due and payable forthwith, or there-
after. at the option of said Mortgagee, as fully and completely as it all of the acid sums of money were. originally
stipulated to be paid on such day, anything in said promiaaory note, and-or in this mortgage to the contrary not-
withstanding; and thereupon or thereafter at the option of said 1?iortgagee, ~~•ithout notice or demand, suit at
law or in equity, theretofore, or thereafter begun, may bs prosecuted as it all moneys secured hereby had matttrad
prior to its institution. , ~ _
7. That to the event that at the beginning of or at any time pending any suit upon this mortgage. os to
foreclose it. or to reform it, and/or to enforce payment of any claims hereunder, said Dortgagee shall apply
to the rnurt having jurisdiction thereof for-the appointment o[ a Receiver, such court shall' forthwith appoint
a Receiver of said mortgaged property all and singular, including all and singular the rents, income, profits,
issues and revenues from whatever source derived,-each and every of which, it being expressly understood, b
hereby mortgaged as if specifically set forth and described in the granting and habendum clauaea hereof, and
ouch Receiver shall have all the broad and e[fective functions and po~~•era in agvwise entrusted by a court
to a Receiver, and such appointment shall be made by such court as an admitted equity and • matter of ab•
solute Nght to geld 1?tortgaXee, and without reference to the adequacy or inadequacy of the value of the prop-
tarty mortgaged or to the solvency or insolvency of said Ittortgagor andior o[ the defendants, and that such
~ rents, profits. income. issues and rrrenues shall be applied by such Receiver according to the lien and/or equity
of said Mortgagee and trio practice of such court.
• 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation
N/A above described env additional loans or future advances made within twenty years from date hereof by the 4
mortgagee to paid mortgagors or any successor in title of said mortgagors of the property hereby rnnveyed: •
provided that the total unpaid balance of the indebtedness secured hereby at any one time shall not exceed -
the maximum principal amount of Dollars
ti plus interest thereon and any disbursements made by the mortgagee for the pay-
, ment of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements.
1N WITNESS WHEREOF, the said Hortga;or has executed thin mortgage under seal on the day and year
herein tint above wrtttea THIS IS A BALLOON MORTGAGE AND THE FINAL
81gn n elivered the presence of: pAYMENT OR THE BALANCE DUE UPON MATURITY
- ~ ~ IS $ i' 7, y rya ~ / TOGETHER WITH ACCRUED
.............»INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE
BY THE MORTGAGE NDER THE S OF THIS
ORGE L H -
i ~ -
New York ~ A YCE LYN I~' ~ .
srwTE oF
E•R ?E
COUNTY OF.-.....»
Bofors me personally appeared..__.._...._George D.Lynch and» Al~ce» S . Lynch
i
to me well known and known to me to be the individuai.-g described in and who executed the foregoing lnstru-
j ment, and acknowledged before me that .~liey. executed the same for the purposes therein ezpressed.
~ -..;...tel.::... _
I WITNESS my hand and official seal this......-._...1~»..»...day t..1..»~ R,..::..
~ - ~ -
» _
I Notary bl » In and fo - ,
the Countyyy~ d Sts}}t~~e~~pA
o~res~id. `F, • >
~ _
STATE OF_ Gaw..r,.e i~ e.:• . , . . , : ' ~~4
~ -
t Mir COecctsun
~ c:_.ros
' COUNTY OF. .
- 'rrz~.~-
• _
Bofors me personWy appeared
~ and...» to ms well known gad
known to ms to De the_.........._»_......».._.._._»...Pretldeat and._....».._»».._..». Secretary
respectively ot .........................................».._...__._......_._.._....-..»._...._.._.»......»...w»._..»._._....._...»._.»........, the corporation
' named m the foregoing instsument, gad known to me to bs the persons who as tuck oflicen of said corporation.
a executed the same: and then and then the raid.......»..»....._. ..---.....».»»._and !hs geld
t ._....»»»._.._....__,....._._did acknowledge before me that raid
1 Instrument Is the free get and deed of said corporation by them respectively executed as such officers for the
purposer therein expressed; that the real thereunto attached L the corporate seal by them In Uke capacity af-
' fixed: all under authority In them duly voted by the Board of Directors of Bald corporation.
WITN>l;SS my hand and ofllcial teal thlr_...-......._._._.....day of Ig.._._
~ 48250'7
Notary PuDUc in and for
IOW ~ ' Q to i~ I ~ the Countq and State Atorssald.
oY ~E A7 ~dy oomaUraton exptna:
5i
LI
CfE COUM``O~.
~lf)lsER 1'OIT~S '
~L,iMt c~ulr~ c~~
ttEENRg VERIFIfO_._-C~,~[•~_ ~c~
60~OK J(re7 PACE ~V`t